bank stocks

Barclays PLC (NYSE: BCS) is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unit as the bank is seeking a partner to boost the business. The business could be worth at least £2 billion ($2.5 billion), based on an EBITDA of about £300...

Wall Street banking giant Goldman Sachs Group, Inc. (NYSE:GS) reported a 60% year-over-year drop in second-quarter profits on Wednesday, with the weakness blamed primarily on dwindling deal activity. Tech giant Apple, Inc. (NASDAQ:AAPL) may also have a part to play in Goldman's disappointing...

Wells Fargo & Co (NYSE:WFC) on Friday issued upbeat second-quarter earnings, topping Street estimates on both top and bottom lines. Here's what investors need to know. By The Numbers: The San Francisco-based bank issued earnings of $1.25 per share, ahead of the $1.15 estimate, on revenues of $...

Major U.S. banks, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc (NYSE:C), and State Street Corp. (NYSE:STT), are scheduled to release their second-quarter earnings results on Friday, July 14. Bank Earnings Season Has Begun...

All 23 banks scrutinized in the Federal Reserve’s annual stress test have passed. The central bank says the outcome of Wednesday’s stress test reaffirms the stability of the U.S. banking system amid ongoing economic concerns. “Today’s results confirm that the banking system...

One of the largest bank collapses in American history could be explored in a musical. What Happened: The collapse of Silicon Valley Bank, a unit of SVB Financial Group, was one of the biggest events of 2023 and rattled the regional banking sector. A bank run by customers trying to get deposits out...

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers. Here is a look at the most-searched stocks on Benzinga Pro during May 2023. Year-to-date and 52-week ranges are based on June...

When asked what he thinks about banning short sellers, investor and "Shark Tank" star Kevin O’Leary didn’t hold back. What Happened: With the regional banking sector seeing pressure after several collapses and bankruptcies, there are increasing calls to ban short selling...

Regional bank stocks have enjoyed positive price momentum as concerns about the industry's survival and anxiety about deposit withdrawals have abated. Tuesday marked the first time since the failures of Silicon Valley Bank and Signature Bank in March that the SPDR S&P...

Following its acquisition of First Republic Bank (FRC), JPMorgan Chase & Co (NYSE:JPM) raised its performance targets, telling investors Monday at its investor conference that it expects an increase of about $3 billion in net interest income for the year. With the revisions, the bank...

Fifth Third Bancorp (NASDAQ: FITB) announced that it has completed the acquisition of Big Data LLC, a tech-based company based in Madison, WI. Big Data LLC provides solutions for healthcare payments and remittances. The financials of the transactions were not disclosed. The acquisition...

Latin American banking company Nu Holdings (NYSE: NU) reported first-quarter financial results after market close Monday. Here are the key highlights. What Happened: Nu reported first-quarter revenue of $1.6 billion, which was nearly double the results of the previous year. The revenue total beat a...

Famed “Big Short” investor Michael Burry made some changes to his portfolio, signaling a newfound interest in banking stocks amid the regional banking crisis, according to Scion Capital's latest 13F filings. The renowned investor, known for profiting from the subprime mortgage crisis in...

Investors are on the hunt for undervalued, underfollowed and emerging stocks and retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern...

Three of the largest five banking failures have happened in 2023, and more failures may be lurking. The structural problems that caused First Republic Bank (FRC), Signature Bank (OTC: SBNY), and Silicon Valley Bank (OTC: SIVBQ) to fail remain: the Federal Reserve’s interest rate policy is...